Arian Share Chat (AGQ)

we might get some pumping action going tomorrow, don't get too fool by it, too soon,
some heavy manipulation going on here, but 8p was certainly expected,
where is jonjo?
GLA

was that Sprott buying another 250k around 4.30pm? or somebody building a stake? must be a tempting t/o prospect at these prices...

imo a lot of the larger round number sells are Seda for the final part of the financing package. Announcement likely very soon. Topped up again... Gla

if you add NYO and AFE a better definition is no money left.

You might find the following analysis that I posted sometime earlier. It excludes royalties and Arians admin costs (circa $3m per annum) but I believe is a fairly accurate reflected of projected costs for the current toll mill operation:

I can find the folliwing quoted costs for the toll mill in past RNS:

1) Mining cost $32 per tonne
2) Milling cost $38 per tonne

That is $70 per tonne total cost (not incl admin exp, which are independent of mining operations)

One tonne of ore mined/milled at 180g/t (avg per production RNS) = 6.35 oz per tonne

x 60% recovery rate = 3.81 oz per tonne

$70 / 3.81 = $18 per oz mining/mill cost (excl admin)

The toll mill should be profitable as an operation above $18 per oz, however this may not fully cover Arians fixed overheads (admin etc).

With Q1 results around the corner AGQ should be re-rated as a small scale producer rather than a cash starved explorer. I also understand from personal correspondence with JW in March that we will shortly have funding in place to cover the next 18-24 months. Just a pity we had to use more of the SEDA at such a low SP... Still 6 months from now any purchases today are going to feel pretty good. JW was already in a closed period due to preparing Q1 results at the end of March (i hinted at Director buys) which means results can't be too far off....

In AGQ and RRR.....you must have nerves of steel my friend.

Interesting...grades only 30-50g/t.

If Arian can take out 100g/t at $38/t cost then ops costs of $10/oz so less than the $15/oz from Quaterra so breakeven must be sub $20/oz..

As stock says it's not the costs it's getting there that is the uncertainty but that's why we are at this price.

thanks for the info ! I was looking today at the Quaterra resources, Nieves silver project
it seems that there the project breaks even at a silver price of $21.37 per once. See attached link
http://quaterra.com/projects/nieves_silver/project_description/

I was wondering what is the project break even price for Arian ?

exactly RIGHT!
GL